Vendor Risk Management
Not a fan of risky business? Identify, evaluate, and monitor vendor risk with Drata’s all-in-one vendor risk management (VRM) so you can be confident in the vendors you work with.
Gain Confidence in Your Vendors’ Security
With 83% of companies facing negative consequences from VRM processes, it’s crucial to reduce blindspots, know who you’re doing business with, and improve how you manage risk.
Populate your vendor directory and keep it up to date to have a complete picture of your vendor ecosystem and the risks they pose to your organization so you can make informed decisions.
Manage All Your Risk, All in One Place
With all your vendor information in one place, you can streamline the risk management process and minimize human error.
Automate the way you assess potential impacts of vendors, and easily identify your highest risk vendors. Identify and track Vendor Risks, including impact, likelihood, and treatment plan, as part of your organizational risk management program. Document and report vendor information to auditors without the hassle of managing multiple spreadsheets and tools.
Avoid Surprises with Proactive Monitoring
Risks don’t stop. So neither should your risk management. Proactively address vendor performance by conducting security reviews, sending custom security questionnaires based on vendor impact, and setting reminders for your next security review. With this proactive process, you can quickly spot and mitigate new security gaps before they become more significant issues.
Summarize Vendor Security Questionnaire Responses with Drata AI
Risky business has met its match. Use Drata AI to summarize the vendor security questionnaire responses you’ve received—either inside or outside of Drata—to quickly determine whether vendors meet your teams’ security standards and identify potential risk. Then, easily share to communicate your findings with internal stakeholders.
"Drata helps us extract meaningful insights from across our vendor ecosystem, and prioritize time-sensitive tasks. Our team is able to formalize the tracking and management of third-party related risks and consolidate this workflow into one tool, so that we can remain vigilant in keeping our security program running smoothly."
See All StoriesYlan Muller
Sr. IT Manager at FireHydrant
Here’s What You Can Do with Vendor Risk Management
Identify Vendors
Using Okta SSO, we populate your Vendor Directory so you have a single source of truth of your vendors' security information.
Keep Your Vendor Directory up to Date
Bulk Upload quickly adds vendors to your Vendor Directory, while Bulk Update easily populates new info across multiple vendors.
Achieve Compliance
Meet compliance requirements by documenting your vendors’ security reports, certifications, and share with auditors.
Assign Vendor Impact
Standardize the way you assess vendor impact and analyze potential security threats with automated impact analysis.
Send & Review Questionnaires
Gain deeper insight into your vendors’ risk posture, then review questionnaire responses and take action on their responses.
Use Drata AI-Generated Summaries
Quickly understand security questionnaire responses to identify potential vendor risks, and share with internal stakeholders.
Evaluate & Manage Risks
Monitor vendor risks and track them as part of your organization’s Risk Register.
Report to Stakeholders
Easily interpret and share the current state of your vendor risk management program to your C-suite.
See Third-Party Risk Trends
Get the 2023 Risk Trends Report to learn trends and pressing issues surrounding third-party risk and processes to manage it.
Frequently Asked Questions About Vendor Risk Management
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